Zhaojin International: The cost of AI model calls is decreasing, and the application ecosystem is expected to gradually prosper.

ZhaoYin International released a research report stating that the emergence of open-source large models with lower cost and better performance has lowered the barrier to entry for B-end software and even large model development. More small and medium developers may engage in secondary development based on cutting-edge models, which could drive software ecosystem prosperity. For players in the AI application market, finding high-quality niche application areas and scenes, and developing excellent AI applications through the combination of different APIs to meet user needs may gradually become the focus of the market. The bank expressed that they have estimated the application scenarios of generative AI in different industries in China and globally, as well as the potential market size. They believe that fields such as online advertising, search, CRM, office collaboration, and development programming may enjoy a relatively higher AI contribution rate and a relatively faster AI revenue contribution growth rate. Industries such as e-commerce retail, online advertising, tourism, gaming, healthcare, finance, education, and industrial manufacturing are expected to have a larger potential realization scale compared to other industries. From the perspective of stock recommendations, ZhaoYin International focuses on three types of companies in the internet and software sectors: AI cloud companies, companies with mature AI application products, and companies that can effectively empower their core business with AI. At the same time, the bank still sees investment opportunities in sub-sectors such as the computational power supply chain, end-side supply chain, and semiconductor foundries in the infrastructure sector.